European Vaccine Suspensions, Rising U.S. Inventories, Drive Crude Prices Down
by Ship & Bunker News Team
Wednesday March 17, 2021 Wednesday marked another session of price losses for crude, driven by
Europe s lacklustre Covid vaccine rollout and a rise in
U.S. crude inventories, albeit less than analysts had predicted. Brent settled down
20 cents to end at
$63.68. Although a robust vaccination program continues to yield significant drops in infection rates in the U.S.,
UK, and other countries, several European nationss have paused the use of the AstraZeneca vaccine on worries over possible side effects, and this in turn has caused analysts to fret about demand recovery.
BUNKER JOBS: Monjasa Seeks Senior Trader in Dubai
by Ship & Bunker News Team
Wednesday March 17, 2021 Global bunker supplier Dubai office. The new hire s main focus will be identifying and opening new niche markets and entering in both short- and long-term relationships with customers and suppliers, the company said in a job advertisement on its website. The posting lists the following areas of focus for the role: Develop and maintain a solid and stable portfolio of customers Ensure optimal customer satisfaction by building strong personal relations and providing specialist advice in bunker solutions Investigate and develop new areas of focus Survey ports/regions, tracking vessel movements and coordinating fuel delivery and surveillance of the total supply chain
Malaysia s Techfast Holdings Reports $535 Million Bunker Supply Deal
by Ship & Bunker News Team
Tuesday March 16, 2021 A subsidiary of
2.2 billion ringgit ($535 million). Techfast subsidiary
Wise Marine with
three years, the company said in an exchange filing on Monday. The fuels low sulfur fuel oil, low sulfur marine gasoil and high sulfur fuel oil will be priced at a premium to
Singapore assessments from S&P Global Platts, and Techfast currently values the contract at about 2.2 billion ringgit based on current prices. Payment will be due
30 days after the bill of lading being issued for each shipment. Wise Marine is a supplier in